How Not to Derail Your Financial Plan During the Holidays

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I absolutely love the Christmas season.  The cooking, the planning and holiday gatherings makes these festive days so joyful.  However, I have had some clients to share that the Christmas holidays cause financial stress.  With trying to purchase gifts and maintain the monthly expenses, the holiday can drain the bank account if you let it.  Here are a few strategies to keep your finances on track during this holiday season.

1.     Scale back on gift purchases.  Instead of purchasing a load of gifts you can’t afford, purchase festive holiday cards to send to your loved ones. Just  letting someone know you are thinking of them goes a long way. 

2.     Set a budget and stick to it.  You many find that you can splurge a little and remain on your financial plan.  Assess your finances, set an amount and only spend this designated amount on gifts.  Spend wisely!

3.    Get Crafty. Check out Pintrest and make adorable Christmas gifts for the family.

4.     Take advantage of the Christmas deals.  To help you not break you budget.  Take advantage of the purchase- something- get- something- free deal.  Bath and Body Works always has this holiday sale.  Take the free item and gift it.  This especially comes in handy when you decide to purchase for teachers, family and friends. 

The holidays come and go but bills are always around.  Don’t you just love that?  Spend carefully and don’t get depressed about what you can’t do financially.  Do what you can, enjoy your family and remember Jesus Christ is the reason for the season.